Huntleigh Advisors Inc. Purchases Shares of 26,000 Charter Communications, Inc. (NASDAQ:CHTR)

Huntleigh Advisors Inc. purchased a new stake in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 26,000 shares of the company's stock, valued at approximately $8,912,000. Charter Communications accounts for 5.4% of Huntleigh Advisors Inc.'s holdings, making the stock its 8th biggest position.

A number of other large investors have also added to or reduced their stakes in CHTR. Allspring Global Investments Holdings LLC increased its stake in shares of Charter Communications by 3.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 4,855 shares of the company's stock worth $1,696,000 after purchasing an additional 161 shares during the last quarter. Van ECK Associates Corp grew its holdings in Charter Communications by 27.5% during the fourth quarter. Van ECK Associates Corp now owns 1,187 shares of the company's stock valued at $407,000 after purchasing an additional 256 shares during the period. Asset Management One Co. Ltd. increased its position in Charter Communications by 5.2% in the fourth quarter. Asset Management One Co. Ltd. now owns 37,014 shares of the company's stock worth $12,905,000 after buying an additional 1,839 shares during the last quarter. Valeo Financial Advisors LLC raised its stake in shares of Charter Communications by 4.4% in the fourth quarter. Valeo Financial Advisors LLC now owns 1,126 shares of the company's stock valued at $386,000 after buying an additional 47 shares during the period. Finally, Principal Securities Inc. lifted its position in shares of Charter Communications by 29.1% during the 4th quarter. Principal Securities Inc. now owns 492 shares of the company's stock valued at $169,000 after buying an additional 111 shares during the last quarter. Hedge funds and other institutional investors own 81.76% of the company's stock.

Charter Communications Price Performance

Shares of CHTR traded up $8.94 during trading hours on Friday, reaching $386.37. 1,981,300 shares of the company's stock traded hands, compared to its average volume of 1,285,913. Charter Communications, Inc. has a 12 month low of $277.10 and a 12 month high of $437.06. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 4.54. The stock has a market cap of $54.23 billion, a PE ratio of 10.78, a price-to-earnings-growth ratio of 0.41 and a beta of 1.07. The firm's 50 day simple moving average is $385.45 and its 200-day simple moving average is $367.94.

Charter Communications (NASDAQ:CHTR - Get Free Report) last announced its earnings results on Friday, April 25th. The company reported $8.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $8.70 by ($0.28). Charter Communications had a net margin of 9.42% and a return on equity of 27.70%. The company had revenue of $13.74 billion for the quarter, compared to the consensus estimate of $13.67 billion. During the same quarter in the previous year, the firm earned $7.55 earnings per share. The company's revenue for the quarter was up .4% compared to the same quarter last year. Equities analysts expect that Charter Communications, Inc. will post 38.16 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently weighed in on CHTR. Wells Fargo & Company lifted their price objective on Charter Communications from $380.00 to $400.00 and gave the stock an "equal weight" rating in a report on Monday, April 28th. Royal Bank Of Canada boosted their price target on shares of Charter Communications from $385.00 to $395.00 and gave the company a "sector perform" rating in a research report on Monday, April 28th. Morgan Stanley upped their price target on shares of Charter Communications from $385.00 to $415.00 and gave the company an "equal weight" rating in a research note on Monday, April 28th. Wolfe Research upgraded shares of Charter Communications from an "underperform" rating to a "peer perform" rating in a research note on Friday. Finally, UBS Group boosted their target price on shares of Charter Communications from $400.00 to $425.00 and gave the company a "neutral" rating in a report on Wednesday. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, Charter Communications currently has an average rating of "Hold" and an average target price of $410.20.

Charter Communications Profile

Charter Communications, Inc operates as a broadband connectivity and cable operator company serving residential and commercial customers in the United States. The company offers subscription-based internet, video, and mobile and voice services; a suite of broadband connectivity services, including fixed internet, WiFi, and mobile; Advanced WiFi services; Spectrum Security Shield; in-home WiFi, which provides customers with high performance wireless routers and managed WiFi services to enhance their fixed wireless internet experience; out-of-home WiFi; and Spectrum WiFi services.